China industrial profits up 10 pct in first 4 months

Chinese industrial businesses saw their profits rise by 10 percent year on year in the first four months of 2014, official data showed on Wednesday.

Total profits of industrial companies with annual business revenue of more than 20 million yuan ($3.2 million) reached 1.76 trillion yuan from January to April, the National Bureau of Statistics said in a statement.

The profits growth remained almost the same compared with a 10.1-percent increase recorded in the first three months.